Proprietorship Tax Return Filing

Proprietorship Tax Return Filing

Proprietorship tax return filing refers to the procedure of submitting the income tax return for a sole proprietorship business. In a proprietorship, the business and the individual are considered the same entity for tax purposes. Therefore, the proprietor is required to report the business’s income, expenses, and other relevant financial details on their personal income tax return.

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All the legal fee will be extra as per applicable by the govt.



Benefits of Proprietorship Tax Return Filing:

  1. Compliance with tax laws and regulations.
  2. Accurate reporting of business income and expenses.
  3. Utilization of deductions and credits to minimize tax liability.
  4. Establishes a clear financial record for the business.
  5. Access to financing and loans based on documented income.
  6. Avoidance of penalties and legal consequences for non-compliance.

Additional information

We Have Following ITR Plans

Salary With (Form 16) ITR1, Salary Without (Form 16) ITR1, Business Income ITR4, Salary+Business ITR4, Computation, Salary Business & Agriculture ITR3, Salary & Stock & MF Gain (ITR2), Salary + F&O and Intraday